Amazon sales growth slows in Q3

Amazon’s profits rose in its third quarter, although it saw its share price dip slightly after it missed analyst expectations for sales.  The ecommerce giant achieved a net income of $2.9 billion (£2.26 bn) compared to £200 million the previous year.  However, while net sales increased 29% to £44.1 billion, this compared to growth of 34% the year before. Sales in the company’s core online business grew 11% year on year, compared to 22% in Q3 2017 and 12% in Q2 2018.  Sales growth was fastest in North America, Amazon’s largest market, where sales rose 35% to £26.75 billion, the same growth figure as last year.

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